A fast moving item has a demand of 18000 units/year. The cost of one procurement is Rs. 50 and inventory carrying or holding cost is Rs. 1.20 per unit per year. It is assumed that supply is received as soon as the order is placed and no shortage or stock permitted. Cost of one unit is Rs. 8. Determine : (1) EOQ (ii) Number of orders/year (ii) Total cost per year
A fast moving item has a demand of 18000 units/year. The cost of one procurement is Rs. 50 and inventory carrying or holding cost is Rs. 1.20 per unit per year. It is assumed that supply is received as soon as the order is placed and no shortage or stock permitted. Cost of one unit is Rs. 8. Determine : (1) EOQ (ii) Number of orders/year (ii) Total cost per year
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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Transcribed Image Text:A fast moving item has a demand of 18000 units/year. The cost of one procurement is Rs. 50 and
inventory carrying or holding cost is Rs. 1.20 per unit per year. It is assumed that supply is received as
soon as the order is placed and no shortage or stock permitted. Cost of one unit is Rs. 8.
Determine :
(1)
EOQ
(ii) Number of orders/year
(iii) Total cost per year
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